Micro E-mini Madness (2% per day)

[Overnight]

I finished the day strong with 55 NQ/YM ticks. It was a strange day as we seemed to wait forever for the FOMC minutes. And then the craziness began near the close with huge swings both ways. But it looks like we are still in a big range and to me this means "trade the edges" until there is a true breakout up or down.

Without the withdrawal you have doubled your account. Mostly.

I like how you are slowly stretching yourself, now up to two contracts mostly. Damn, I envy your persistence. It will be fun to watch your journey!

Just remember, they mostly come out at night. Mostly.

 

[sstheo]

Without the withdrawal you have doubled your account. Mostly.

I like how you are slowly stretching yourself, now up to two contracts mostly. Damn, I envy your persistence. It will be fun to watch your journey!

Just remember, they mostly come out at night. Mostly.

Thanks. This is the most consistent I have been in 13 years. The key is not trying to hit home runs I think, and being willing to take those losses before they get too big.

 

[Overnight]

Thanks. This is the most consistent I have been in 13 years. The key is not trying to hit home runs I think, and being willing to take those losses before they get too big.

Don't change a thing. I can hear your brain revving up to try more bits...Mmm, I hear it. Don't change a thing!

 

[Overnight]

In fact, I have a good stop-gap measure to prevent you from changing a thing. If you change a thing, this is the first of many disturbing X-Mas videos I will haunt you with, since X-Mas is incoming.

Ohh, too late. Here's the first one.

Don't change a thing.

X-Mas is coming. Remember this haunt.

 

[Sweet Bobby]

I moved a few bucks over to Tradovate to try their futures trading out. So far so good on my first day trading NQ with them. Up $245 for the day. You're doing great!

 

[sstheo]

The volatility was so amazing last night that I decided to trade it. That, along with a very fadeable over-exuberant rally this morning, allowed me to get 96 ticks with two contracts in the last 24 hours, making this my best day yet for my system.

The second milestone I crossed today is that in 30 trading days (6 weeks), I doubled my initial balance of $1006. I have a net profit so far of $1,019.

It has taken me 13 years and thousands of screen time hours to be this consistent. But I think someone who is really focused and has some good training should be able to run circles around me in 2 years or less.

 

[Bobiz]

The volatility was so amazing last night that I decided to trade it. That, along with a very fadeable over-exuberant rally this morning, allowed me to get 96 ticks with two contracts in the last 24 hours, making this my best day yet for my system.

The second milestone I crossed today is that in 30 trading days (6 weeks), I doubled my initial balance of $1006. I have a net profit so far of $1,019.

It has taken me 13 years and thousands of screen time hours to be this consistent. But I think someone who is really focused and has some good training should be able to run circles around me in 2 years or less.

View attachment 210964

CONGRATULATIONS !

 

[Orbiter]

The volatility was so amazing last night that I decided to trade it. That, along with a very fadeable over-exuberant rally this morning, allowed me to get 96 ticks with two contracts in the last 24 hours, making this my best day yet for my system.

The second milestone I crossed today is that in 30 trading days (6 weeks), I doubled my initial balance of $1006. I have a net profit so far of $1,019.

It has taken me 13 years and thousands of screen time hours to be this consistent. But I think someone who is really focused and has some good training should be able to run circles around me in 2 years or less.

View attachment 210964

You make me a believer. All I have to do is put 13 more years into day trading (Sorry. I don’t really buy the 2 year fast track)

Kidding aside. Congrats ! Don’t change a thing when you scale up.

 

[sstheo]

You make me a believer. All I have to do is put 13 more years into day trading (Sorry. I don’t really buy the 2 year fast track)

Kidding aside. Congrats ! Don’t change a thing when you scale up.

Thanks.

Anyone can follow a trend. But when does it end? What do you do when the market is in a tight range? What games are the "big boys" playing with my stops? These are things that are mostly taught in the school of hard knocks. I shouldn't have been such a slow learner. It shouldn't take even 5 or 10 years for someone who is dedicated.

Here are the main keys, in my opinion: (1) Reduce the risk. Many times I tried to trade a YM contract with just $1000 in my account. SUICIDE. The micros have now solved this problem. (2) Slow down. Don't try to hit any home runs. Base hits. Base hits. Just like I am trying to do here. Singles. Singles. (3) Don't be afraid to take small wins. A win is a win. So what if you missed out on 90% of the move? You got 10%! (4) FLAT is a great position. If you are unsure of the market, stay out of the market for a bit.

I have a lot of other thoughts, many of which I have shared in this journal. But there is nothing like the screen time to be the school master.

 

[CALLumbus]

Gain Capital just lowered their RT costs on the new Micros from $2.00 to $1.00. I think they saw the overall market volume and decided to stop being a jerk about it because they were missing out.

Do you have a link to their commissions ? Did they also change the rates for the large contracts ?